Tag: trusts

Should I Use Incentive Trusts in My Estate Plan?

Posted on October 29, 2020

incentive trust, Naperville estate planning attorney

As you approach the often-difficult topic of estate planning, it is understandable that you want what is best for your heirs—especially if they are your children or grandchildren. We would like to believe that our descendants will be responsible and mature enough to handle a sizeable inheritance, but deep down, we know that this is not always the case. Some people simply struggle to establish healthy spending habits, and for these people, money tends to burn a hole in their pocket. As an estate planning attorney, I am often asked […]

Posted in Estate Planning

Report: Wealthy Americans Are Changing Their Estate Plans Over Concerns of Tax Increases

Posted on October 15, 2020

estate tax, Naperville estate planning attorneys

A few weeks ago, a post on this blog discussed former Vice President Joe Biden’s plans regarding the United States Tax Code if he were to be elected president in this year’s general election. Of course, with every new presidential administration comes certain changes to the nation’s tax policies. With this in mind, Mr. Biden’s campaign maintains that his policies would not raise taxes on anyone making less than $400,000 per year. But, what about those who make over $400,00 per year? In short, they stand to be the most […]

Posted in Estate Planning

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